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Adelaide-based international business accelerator Innovyz has opened applications to the first of its industry-focused nine-month Innovation programs, with applications now open for high growth businesses in the health tech sector.

THE NEWS WRAP: QBE to outsource jobs in cost-cutting bid

Wednesday, 27 February 2013 | By Andrew Sadauskas

Insurance giant QBE has announced it plans to cut jobs in the aftermath of a series of severe weather events in Australia and the US.

The news comes after the insurer announced a calendar year profit of $761 million for 2012, significantly below its guidance figure of $820 million, as a result of payouts from hurricane Sandy and the ongoing drought across the US mid-west.

Virgin won’t guarantee Tiger fleet growth due to industry volatility

Virgin Australia says it cannot give an “ironclad guarantee” it will triple the size of the Tiger Airways fleet by 2018 following a takeover of the Singaporean airline, as required by competition regulators, citing concerns of industry volatility.

“You can't give an ironclad guarantee on something like that because you just don't know what's around the corner,” Virgin Australia chief executive John Borghetti said.

General Electric to invest in Australian wind farms

Diversified conglomerate GE has announced plans to invest in new wind power infrastructure in Australia.

"We are having discussions with third-party financial institutions about partnering in ways that will help get wind projects developed and other important energy projects," global vice-chairman John Rice told The Australian.

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